Protecting your inheritance from the lender

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The growth in use of reverse mortgages by asset rich, cash poor seniors is increasing rapidly. As is the awareness by their children that this new debt facility will decrease their inheritance. Seniors receiving their lump sum will mean that the house that now has a reverse mortgage against it is having a capitalised charge […]

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Funding an Aged Care Refundable Accommodation Deposit (RAD) with a reverse mortgage

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A Refundable Accommodation Deposit (RAD) payable on entry in aged care is often a large amount of money to find in a hurry and many people think selling the family home is the only option open to them. Selling off the much-loved home can be a distressing outcome for most people. However, in many cases […]

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Funding an aged care deposit with reverse mortgage

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A Refundable Accommodation Deposit (RAD) payable on entry in aged care is often a large amount of money to find in a hurry and many people think selling the family home is the only option open to them. Selling off the much-loved home can be a distressing outcome for most people. However, in many cases […]

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Reverse Mortgage – Living with ease in the golden years

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Most Australians aged 65 and over own their own home. A reverse mortgage will allow you to borrow against the equity in your home, without having to sell, by releasing funds for comfortable years ahead in retirement. If you have already paid off your mortgage, you may benefit from taking a reverse mortgage to access […]

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